Jane Street Group LLC Buys 35,741 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)

Jane Street Group LLC lifted its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 160.3% during the third quarter, HoldingsChannel.com reports. The firm owned 58,040 shares of the financial services provider’s stock after purchasing an additional 35,741 shares during the quarter. Jane Street Group LLC’s holdings in NexPoint Residential Trust were worth $2,554,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Long Pond Capital LP purchased a new stake in NexPoint Residential Trust in the 2nd quarter worth approximately $24,273,000. Foundry Partners LLC purchased a new stake in shares of NexPoint Residential Trust in the third quarter worth $6,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NexPoint Residential Trust by 386.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,755 shares of the financial services provider’s stock valued at $5,578,000 after buying an additional 100,714 shares during the period. Dimensional Fund Advisors LP grew its position in NexPoint Residential Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after buying an additional 23,888 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in NexPoint Residential Trust in the 3rd quarter worth about $735,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Stock Up 2.1 %

Shares of NXRT opened at $42.52 on Monday. NexPoint Residential Trust, Inc. has a 1 year low of $28.20 and a 1 year high of $48.37. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a 50 day simple moving average of $44.87 and a two-hundred day simple moving average of $43.27. The firm has a market cap of $1.08 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.69 and a beta of 1.40.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.01). NexPoint Residential Trust had a return on equity of 9.54% and a net margin of 17.54%. The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, analysts forecast that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.51 per share. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, December 13th. NexPoint Residential Trust’s dividend payout ratio (DPR) is 116.57%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NXRT. Deutsche Bank Aktiengesellschaft lifted their price target on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Truist Financial lifted their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.00.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.